• Status New
  • Price $550,000
  • Bed 4
  • Bath 2
  • Location West Lakeview

1630 W Melrose Street

Rare redevelopment or investment opportunity in the heart of Lakeview. Solid brick 2-flat featuring two 2-bedroom, 1-bath apartments with long-term tenants currently on month-to-month leases. Rents are below market, offering immediate upside potential for investors or future redevelopment. Property is zoned B1-3 and is being offered exclusively as part of a package sale with the adjacent property at 3248 N. Lincoln Ave. Prime location near transportation, shopping, dining, and neighborhood amenities. Excellent opportunity to assemble a larger development site in a highly desirable Lakeview location. Sold as-is. Unfinished basement.

General Info

  • Property Type Two to Four Units
  • Price $550,000
  • Taxes $11,344
  • Assessments Not provided
  • Assessments Include Not provided
  • Market Time 2 days
  • Year Built 1908
  • Square Feet Not provided
  • Listed by Robert Munds Jameson Sotheby's Intl Realty
  • Source MRED as distributed by MLS GRID

Rooms

  • Total Rooms 8
  • Bedrooms 4
  • Bathrooms 2

Units

  • Unit 1
    • Rooms 4
    • Beds 2
    • Baths 1
    • Appliances Stove, Refrigerator
    • Rent $725/mo
    • Tenant Pays Electric,Gas
    • Lease Expires Na
  • Unit 2
    • Rooms 4
    • Beds 2
    • Baths 1
    • Appliances Stove, Refrigerator
    • Rent $800/mo
    • Tenant Pays Electric,Gas
    • Lease Expires Na

Features

  • Heat Forced Air
  • Air Conditioning Not provided
  • Parking Not provided
  • Age 100+ Years
  • Exterior Not provided

Based on information submitted to the MLS GRID as of 7/2/2026 2:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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